Tuesday, December 3, 2024
BP boosts buybacks as Q3 profit doubles to $8.2 billion- oil and gas 360

BP boosts buybacks as Q3 profit doubles to $8.2 billion

Oil Price BP (NYSE: BP) announced a further $2.5 billion share buyback after more than doubling its Q3 profit from a year earlier, thanks to what it described as an “exceptional” gas marketing and trading result and higher gas realizations. BP joined other international oil and gas majors in reporting very strong earnings after it reported on Tuesday an underlying replacement cost

Marathon Petroleum and Phillips 66 cruise past estimates on fuel demand surge- oil and gas 360

Marathon Petroleum and Phillips 66 cruise past estimates on fuel demand surge

Reuters Marathon Petroleum (MPC.N) and Phillips 66 (PSX.N) posted quarterly profits which cruised past Wall Street estimates on Tuesday, becoming the latest U.S. refiners to benefit from robust fuel demand and margins amid tight supplies. U.S. refiners are posting strong profits with refineries running at record levels this year, strong export demand amid a squeezed supply due to Russia’s invasion of Ukraine and

ROK Resources announces addition of new director- oil and gas 360

ROK Resources announces addition of new director

Oil and Gas 360 REGINA, SK / ACCESSWIRE / October 31, 2022 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) is pleased to announce that it has added Tom MacInnis as a director of the Company, effective immediately.   Mr. MacInnis is an independent businessman, currently CEO and Director of Southern Pacific Resource Corp., and a member of the advisory

API to Biden: Americans looking for solutions, not rhetoric- oil and gas 360

API to Biden: Americans looking for solutions, not rhetoric

World Oil The American Petroleum Institute (API) today released the following statement from President and CEO Mike Sommers in response to President Biden’s remarks on gas prices:       “Rather than taking credit for price declines and shifting blame for price increases, the Biden administration should get serious about addressing the supply and demand imbalance that has caused higher gas

Diversified closes securitized financing- oil and gas 360

Diversified closes securitized financing

Oil and Gas 360 BIRMINGHAM, AL / ACCESSWIRE / October 31, 2022 / Diversified Energy Company PLC (LSE:DEC) (“Diversified” or the “Company”) is pleased to announce that on 27 October 2022 Diversified and Oaktree Capital Management, L.P. (“Oaktree) jointly closed an ESG-aligned asset backed securitization (“ABS”) of certain co-owned producing natural gas and oil assets located in Oklahoma (the “Assets”). This